#097 Peter Borish: My Concern Is More Than A Recession

Legendary trader Peter Borish, president of the Computer Trading Corporation, joins Julia La Roche on episode 97. In this episode, Peter shares his macro outlook, and why we’re in the early stages of a longer term rising rate cycle. He also revisits his time working with Paul Tudor Jones at Tudor Investment Corp, the 1987 stock market crash and its aftermath, and some of the lessons and principles he’s learned over the years.  Links:  https://twitter.com/pborish https://www.linkedin.com/in/peter-borish-bb54119/ 00:00 Intro 0:43 Macro view  2:30 This really isn’t the 70s  4:55 More like post WWII  7:14 Tax rate 8:42 Debt 11:38 Implications of higher rates 13:50 We’ll see wages go up more 14:53 S&P likely to move down from here  16:10 Difference between cautious/bearish  17:15 Concern is making policy mistakes  18:30 More on the markets  21:03 Risk management  23:10 Learning from mistakes  25:00 You have to trade your own personality  27:30 Advice for young people  29:50 1987 Crash  35:00 Robin Hood Foundation 38:00 Assessment of New York City today  40:30 Return to office  42:00 Brady Commission  44:40 Paul Tudor Jones  48:30 Parting thoughts